Prudential PLC Boosts Stake in F5, Inc. (NASDAQ:FFIV)

Prudential PLC increased its stake in shares of F5, Inc. (NASDAQ:FFIV) by 1,067.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,837 shares of the network technology company’s stock after buying an additional 17,224 shares during the quarter. Prudential PLC’s holdings in F5 were worth $4,737,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its stake in F5 by 4.3% during the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock valued at $214,000 after purchasing an additional 35 shares during the last quarter. AMG National Trust Bank boosted its position in F5 by 0.5% in the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock valued at $1,987,000 after buying an additional 37 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in F5 by 2.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock valued at $404,000 after buying an additional 44 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after buying an additional 49 shares during the period. Finally, HighTower Advisors LLC raised its position in F5 by 5.3% during the 4th quarter. HighTower Advisors LLC now owns 966 shares of the network technology company’s stock worth $243,000 after buying an additional 49 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at F5

In related news, Director Marianne Budnik sold 1,872 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the sale, the director now owns 1,207 shares of the company’s stock, valued at approximately $314,689.04. The trade was a 60.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the transaction, the insider now directly owns 200 shares in the company, valued at approximately $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,232 shares of company stock valued at $5,310,131 in the last three months. 0.52% of the stock is currently owned by company insiders.

F5 Trading Down 4.7 %

NASDAQ FFIV opened at $239.25 on Friday. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 3.85 and a beta of 1.14. The stock has a 50-day moving average of $283.88 and a 200 day moving average of $256.47. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FFIV. Royal Bank of Canada upped their price objective on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Piper Sandler upped their price target on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Evercore ISI lifted their price objective on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Morgan Stanley boosted their price objective on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group raised their target price on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $295.00.

F5 Company Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.